Filing Details

 

	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

 

(Amendment No. 14)*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

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This Amendment No. 14 on Schedule 13D (the "Schedule 13D") relating to shares of common stock, $0.01 par value per share (the "Shares"), of Safety, Income & Growth Inc., a Maryland corporation (the "Issuer"), is being filed by iStar Inc., a Maryland corporation ("iStar"), and supplements and amends the statement on Schedule 13D originally filed with the Commission on June 27, 2017 (as amended, the "Statement").

 

Item 5.                                                                       Interest in Securities of the Issuer.

 

(a)                                               As of February 15, 2019, iStar beneficially owns 7,693,337 Shares directly, including 46,020 Shares that iStar will acquire within 60 days as payment of management fees by the Issuer. Such Shares represent approximately 41.99% of the outstanding Shares.

 

(c)                                                Since filing Amendment No. 13 to the initial Statement, iStar purchased no Shares.

 

Item 6.                                                                       Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

iStar intends to enter into a 10b5-1 plan under which iStar may buy, from time to time in the open market, up to approximately 329,801 Shares.  The Issuer has entered into an amended and restated ownership waiver agreement with iStar to increase the ownership limit of the Shares applicable to iStar from 41.9% to 43.9%.  All Shares purchased will be subject to the voting power limitations contained in the Stockholder's Agreement, dated as of January 2, 2019, between the Issuer and iStar, as reported in Amendment No. 13 to the Initial Statement.

 

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SIGNATURE

 

After reasonable inquiry and to the best of his or her knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated:  February 15, 2019

 

	iSTAR INC.
	/s/ Marcos Alvarado
	Marcos Alvarado
	President and Chief Investment Officer

 

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